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Blockchain is poised to disrupt all public and private sectors Blockchain is changing our digital landscape. It will change the way in which traditional digital services are provided across all public sectors, industries and services, globally.

The capability boundaries of traditional IT systems have for decades constrained the shape of our digital landscape and the systems and services we use. Blockchain changes the boundaries of what can and cannot be automated; Blockchain provides new public infrastructure, a world computer upon which new automated services can be built for consumption at no cost to the consumer. It enables the decentralisation of organisations & processes and the automation of transactions & administrations.

Blockchain is ushering in a new era of more connected, better integrated and efficient digital services. Blockchain changes the rules.

“The Blockchain’s distributed consensus model is the most important invention since the Internet itself”

BECON is all about the power of Blockchain methodologies and solutions

The aim of our knowledge platform is to let you understand the importance, functionality and how to overcome the challenges of Blockchain. Showing a rapidly accelerating range of use-cases, we provide insights into building and implementing solutions and the application of Blockchain, across all sectors, industries and services. Connecting you on a global level with your peers, experts and Blockchain clusters and chapters, country by country.

We offer a range of services from introductory workshops, C-level sessions, forums, bootcamps, masterclasses, online trainings, webcasts, conferences and right through to the delivery of news, white papers, reports, and indexes of both Blockchain industries and use-cases.

“The Blockchain protocol threatens to disintermediate almost every process in financial services.”

— The World Economic Forum

Blockchain explainedLedgerLedgers have been at the heart of commerce since ancient times and are used to record many things, most commonly assets such as money and property. They have moved from being recorded on clay tablets to papyrus, vellum and paper. However, in all this time the only notable innovation has been computerisation, which initially was simply a transfer from paper to bytes. Now, for the first time algorithms enable the collaborative creation of digital distributed ledgers with properties and capabilities that go far beyond traditional paper-based ledgers.

Distributed Ledger Technology

A distributed ledger is essentially an asset database that can be shared across a network of multiple sites, geographies or institutions. All participants within a network can have their own identical copy of the ledger. Any changes to the ledger are reflected in all copies in minutes, or in some cases, seconds. The assets can be financial, legal, physical or electronic. The security and accuracy of the assets stored in the ledger are maintained cryptographically through the use of ‘keys’ and signatures to control who can do what within the shared ledger. Entries can also be updated by one, some or all of the participants, according to rules agreed by the network.

Blockchain

Underlying this technology is the ‘blockchain, which was invented to create the peer-to-peer digital cash Bitcoin in 2008. Blockchain algorithms enable Bitcoin transactions to be aggregated in ‘blocks’ and these are added to a ‘chain’ of existing blocks using a cryptographic signature. It is about the algorithmic technologies that enable Bitcoin and their power to transform ledgers as tools to record, enable and secure an enormous range of transactions. So the basic blockchain approach can be modified to incorporate rules, smart contracts, digital signatures and an array of other new tools.

““The refinement of Blockchain technology is the most interesting thing, as a technology, to come along since the Internet first flowered”

– Reid Hoffmann, Co-Founder of LinkedIn and Board Member of Zynga, Airbnb and Mozilla (2015)